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Brian Armstrong Net Worth 2024: Brian Armstrong, the co-founder and CEO of Coinbase, is one of the richest people in the world thanks to his involvement in the cryptocurrency industry. Armstrong’s interest in Bitcoin began in 2010, and he co-founded Coinbase in 2012 with the goal of making it easier for people to buy, sell, and use cryptocurrency. The company quickly became one of the leading cryptocurrency exchanges in the world, and its IPO in 2021 made Armstrong a billionaire.
Armstrong has been a vocal advocate for the cryptocurrency industry, and he has spoken out against government regulation of digital assets. He believes that cryptocurrencies have the potential to revolutionize the financial system, and he is committed to making Coinbase the leading platform for the next generation of financial services.
In this blog post, we will take a closer look at Brian Armstrong’s net worth, his involvement in the cryptocurrency industry, and his vision for the future of money. We will also discuss the challenges that the cryptocurrency industry faces, and how Armstrong is positioning Coinbase to overcome them.
Brian Armstrong Net Worth 2024
In 2023, Brian Armstrong’s estimated wealth could be somewhere between $2.2 billion and $2.6 billion. This money comes from his ownership in Coinbase (about 19% of the company), stock options, salary, and investments. Currently, Forbes lists his net worth as $2.5 billion.
Brian is the person who started and leads one of the world’s biggest cryptocurrency exchanges. Because of this, he can benefit a lot if the cryptocurrency industry keeps growing. He can also make money if Coinbase or other companies he’s part of buy or join with other companies. Plus, his donations to charity and his support for blockchain technology have made him more famous and helped people learn about it.
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Brian Armstrong Early Life and Education
Brian Armstrong was born on January 25, 1983, close to San Jose, California. Both of his parents worked as engineers. When he was in high school, he went to Bellarmine College Preparatory, which is a private Catholic school for boys.
After high school, Brian went to Rice University in Texas. There, he got two bachelor’s degrees in economics and computer science in 2005. Then, in 2006, he earned a master’s degree in computer science. While he was studying at Rice, he started a business that connected tutors with students. After finishing his studies, he spent a year in Buenos Aires, Argentina, working for an education company.
| Name | Brian Armstrong |
|---|---|
| Birth date | January 25, 1983 |
| Birth place | Near San Jose, California |
| Nationality | American |
| Education | Rice University (Bachelor of Arts in Economics and Computer Science, 2005; Master of Science in Computer Science, 2006) |
| Profession | CEO of Coinbase |
| Net worth | $2.4 billion – $2.8 billion (2023) |
| Website | https://www.brianarmstrong.org/ |
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Brian Armstrong Career Milestones
Brian Armstrong started his career by working as a developer at IBM and as a consultant at Deloitte. In 2010, he stumbled upon the Bitcoin white paper, published by someone using the name Satoshi Nakamoto. In 2011, he joined Airbnb as a software engineer, where he dealt with payment systems used in the 190 countries Airbnb operated in back then. While working at Airbnb, he noticed the challenges of sending money to South America. This led him to work extra hours during weekends and nights, writing code in Ruby and JavaScript to buy and store cryptocurrencies.
In 2012, he entered the Y Combinator startup accelerator and received a $150,000 investment, which he used to start Coinbase. He posted on Hacker News seeking a co-founder to join the Y Combinator program, and this post became very popular. He eventually met his co-founder, Fred Ehrsam, on a Reddit subgroup after going on more than fifty dates to find the perfect partner.
Coinbase
Brian Armstrong and Fred Ehrsam co-founded Coinbase in 2012 as a platform for cryptocurrency enthusiasts to trade various digital currencies. Brian became the first CEO of Coinbase. In 2018, a funding round valued the company at $8.1 billion, and in December 2020, Coinbase filed with the SEC to go public through a direct listing. Following the direct listing in April 2021, Coinbase’s market value soared to $85 billion, and as of May 2022, Brian Armstrong’s net worth is estimated to be $2.2 billion according to Forbes.
Documentaries and Books related to Cryptocurrency
Brian Armstrong has also made appearances in various documentaries and books related to cryptocurrency, such as “The Rise and Rise of Bitcoin” in 2014 and the nonfiction book “Kings of Crypto: One Startup’s Quest to Take Cryptocurrency Out of Silicon Valley and Onto Wall Street” in 2020.
ResearchHub and NewLimit
Additionally, he self-funded and founded ResearchHub, a platform inspired by GitHub, aimed at making research papers accessible to the public. He also co-founded NewLimit, a company focused on improving human healthspan by targeting the biology of aging, which had raised $40 million in a Series A investment round by May 2023.
Key Career milestones of Brian Armstrong:
- 2005-2006: Earns a dual bachelor’s degree in economics and computer science from Rice University.
- 2006-2007: Works as a software engineer for IBM.
- 2007-2008: Works as a consultant for Deloitte.
- 2010: Learns about Bitcoin and becomes fascinated by its potential.
- 2011: Joins Airbnb as a software engineer.
- 2012: Co-founds Coinbase with Fred Ehrsam.
- 2012: Coinbase receives $150,000 investment from Y Combinator.
- 2015: Coinbase becomes the first cryptocurrency exchange to be licensed by the New York State Department of Financial Services.
- 2017: Coinbase raises $300 million in Series E funding, valuing the company at $8 billion.
- 2021: Coinbase goes public on the Nasdaq stock exchange, with a valuation of over $100 billion.
- 2022: Coinbase lays off 18% of its workforce due to a decline in cryptocurrency prices.
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Brian Armstrong Personal Life
Brian Armstrong is notoriously private about his personal life.
Brian Armstrong Age
Brian Armstrong was born on January 25, 1983. As of today, Sept 2, 2023, he is 40 years old.
Brian Armstrong Height
Brian Armstrong is 6 feet 3 inches tall. This is according to his profile on the modeling agency website Click Models ATLANTA. The website also lists his other physical attributes, including his hair color (black), eye color (brown), suit size (40L), inseam (32 inches), waist (32 inches), and shoe size (13).
Brian Armstrong Wife
Brian Armstrong, the CEO of Coinbase, has been rumored to be dating Raline Shah, an Indonesian actress. The two were spotted together at a gala event in 2018, and there have been other reports of them being seen together in public.
However, Armstrong has never confirmed or denied these rumors. He is notoriously private about his personal life, and he has never spoken publicly about his dating status.
Some people believe that Armstrong and Shah are married, but there is no evidence to support this claim. It is also possible that they are just friends or that they are dating but not yet engaged or married.
Only Armstrong and Shah know the truth about their relationship. Until they say otherwise, we can only speculate.
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Brian Armstrong’s Projects
- 2022 – NewLimit is trying to make people live healthier and longer by using special science stuff.
- 2020 – ResearchHub is helping scientists do their work faster.
- 2019 – I promised to give away a lot of money to help others.
- 2018 – GiveCrypto.org gave away digital money to people all over the world for free. Now it’s part of Coinbase, a big company that wants to make money better for everyone.
- 2012 – Coinbase is working to make money easier for everyone in the world.
- 2004 – UniversityTutor was a website where you could find tutors for free. It got bought in 2014.
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What is Coinbase?
Coinbase is a cryptocurrency exchange platform that allows users to buy, sell, and store cryptocurrencies. It is one of the most popular cryptocurrency exchanges in the world, with over 89 million users in over 100 countries.
Coinbase was founded in 2012 by Brian Armstrong and Fred Ehrsam. The company is headquartered in San Francisco, California. Coinbase is a publicly traded company, and its stock is listed on the Nasdaq stock exchange.
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What is ResearchHub?
ResearchHub is a platform for scientists and researchers to share, discuss, and collaborate on research. It is a modern day pre-print server and platform for open science where users can review, publish, and collaborate on scientific research.
ResearchHub was founded in 2020 by a team of scientists and engineers, including Brian Armstrong, the CEO of Coinbase. The company is headquartered in San Francisco, California.
ResearchHub is a free platform for all users. Scientists can upload their research papers (preprint or postprint) in PDF form, summarize the findings of the work in an attached wiki, and discuss the findings in a completely open and accessible forum dedicated solely to the relevant article.
What is NewLimit?
NewLimit is a company that is developing epigenetic reprogramming medicines to treat diseases with large unmet needs. The company was founded in 2021 by Brian Armstrong, the CEO of Coinbase, and Blake Byers, a venture capitalist.
Epigenetics is the study of how our genes are turned on and off. It is believed that epigenetic changes play a role in aging and age-related diseases. NewLimit is developing medicines that can reverse these epigenetic changes, which could potentially lead to treatments for diseases such as Alzheimer’s disease, cancer, and heart disease.
NewLimit is still in its early stages, but it has raised $40 million in venture funding. The company is headquartered in San Francisco, California.
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Brian Armstrong Awards and Achievements
Brian Armstrong, the CEO of Coinbase, has received numerous awards and recognitions for his work in the cryptocurrency industry. Here are some of his most notable awards:
- 2021 Forbes Crypto Rich List: Armstrong was ranked #1 on the Forbes Crypto Rich List, with an estimated net worth of $6.5 billion.
- 2019 Time 100 Next: Armstrong was named to Time magazine’s 100 Next list, which recognizes “100 rising stars who are shaping the future.”
- 2017 Fortune 40 Under 40: Armstrong was ranked #10 on Fortune’s 40 Under 40 list, which recognizes the most influential young businesspeople in the United States.
- 2016 Golden Reel Award: Armstrong won a Golden Reel Award for Outstanding Achievement in Sound Editing for the episode “The Riddle of the Sphinx” of the HBO series Westworld.
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FAQs
Q. Who is the owner of Coinbase?
The largest shareholder of Coinbase is Brian Armstrong, the company’s CEO and co-founder. He owns about 19% of the company’s shares. Other major shareholders include Fred Ehrsam, a co-founder of Coinbase, and the venture capital firm Andreessen Horowitz.
Q. What is the net worth of Brian Armstrong?
In 2023, Brian Armstrong’s estimated net worth is set to between $2.4 billion and $2.8 billion.
Q. How many shares of Coinbase does Brian Armstrong own?
As of the company’s 2022 proxy statement, Brian Armstrong owned 39.6 million Coinbase shares, representing an 18% stake in the company (with 59.5% voting power). However, he has since sold some of his shares. In October 2022, he promised to sell 2% of his total Coinbase stake over the next year, with proceeds going to projects like life extension unit NewLimit and science startup Research Hub, both of which he co-founded. He has sold about 1/3 of that stock so far, or 252,722 shares.
So, as of today, Brian Armstrong still owns about 36.0 million Coinbase shares, representing an estimated 16% stake in the company.
Final Words
To sum it up, Brian Armstrong, who helped start Coinbase and is now its boss, has somewhere between $2.4 billion and $2.8 billion in the bank in 2023. He got most of that money from being a big part of the cryptocurrency world and owning a lot of Coinbase. He got there by being one of the first to like Bitcoin, leading Coinbase, and handling all the rules and stuff for digital money.
Since he’s a big deal in the field, Armstrong’s money could go up as the cryptocurrency world grows, and he’s still giving some of it away to help spread blockchain technology and make it more popular.
